Leading industry figures and secretary of state Ed Balls have praised the development of a new engineering diploma.
The shortage of graduates with core science and technology degrees has seen UK engineer firms spread their recruitment search as far as Brazil, according to one expert.
A Norwich company labelled a "British engineering legend" is on its way to recovery after it was saved from closure last month, according to its new owners.
Laurence Scott & Electromotors' future looked bleak after cashflow problems threatened to close the company down until Austrian group ATB bought the company.
ATB has promised that the Norwich operations will continue and has seen good results, with the new company ATB Laurence Scott seeing sales of £1.3 million in June.
ATB chief executive Christian Schmidt told the Eastern Daily Press that he expected to make £9.4 million in sales over the rest of the year, which would mark an increase of 30 per cent over last year.
He said: "We were absolutely right with our initial assessment that ATB Laurence Scott has a very skilled and motivated workforce, a great customer base and a state-of-the-art product range.
"Laurence Scott is a British engineering legend that we are proud to be associated with."
He added that he expected to use the company's strengths to make a speedy recovery.
"We have a premier international position in the sector of oil and gas, power generation and defence markets and will be much more competitive."
Support services and construction company Carillion has signed up to the government's Local Employment Partnership to help a greater number find jobs in the sector.
The scheme is targeted to helping the long-term unemployed and those that are disadvantaged to get back in to work and has been championed by prime minister Gordon Brown.
The Local Employment Partnership will be run in partnership with Jobcentre Plus, and already has major companies such as Asda, B&Q, Marks and Spencer, Sainsbury and Tesco signed up.
Carillion will be the first company in the construction sector to sign up to the scheme.
It did so after a personal invitation from the prime minister, who met representatives from the company on Wednesday at Number 10 Downing Street on Wednesday morning.
Mr Brown highlighted the need for companies to cast the net as wide as possible in recruitment in order to remain as competitive as possible, and stressed the need for employers to foster the talent and ideas of those they hire.
Carillion held a special event on Thursday together with Jobcentre Plus to mark the start of their partnership.
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